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New Arbitrum proposal proposes changes to scaling plans to allow new Orbit chains to be deployed on any blockchain
Arbitrum community·2024/04/18 15:50

Bitcoin’s 4th Halving
Cointime·2024/04/18 15:37

Chainlink Digital Asset Insights: Q1 2024
Cointime·2024/04/18 15:37
Greeks.live: Bitcoin bulls still have power, and this month’s bull market still needs Bitcoin to lead
Greeks.live·2024/04/18 15:17

Bullish For Bitcoin? Important Indicators Shift as Prices Head South
Check out which factors indicate that BTC may soon return to a bullish path.
Cryptopotato·2024/04/18 15:07

Tether announces plan to reorganize into four new divisions
Tether has announced a company reorganization to deliver a range of new decentralized infrastructure solutions. The company has formed four new divisions called Tether Data, Tether Finance, Tether Power, and Tether Edu(cation).
The Block·2024/04/18 14:28
OMNI Token’s 55% Dip and Fake OMNI’s 100% Fall Creates a Buzz
Coinedition·2024/04/18 12:55
Ondo Finance and Noble Chain reach cooperation to introduce tokenized bill product USDY
Mars Finance·2024/04/18 12:53

Have altcoins hit the bottom? Bitcoin price bounces 5% from $59.7K low
Bitcoin is attempting to reclaim support after dipping below $60,000, while traders dare to dream of an altcoin rebound.
Cointelegraph·2024/04/18 12:40
Flash
08:12
US Semiconductor Stocks Extend Pre-market Decline, ARM Falls Over 4%BlockBeats News, June 10th, according to Bitget data, pre-market trading of US semiconductor stocks continued to fall. ARM dropped over 4%, Micron Technology dropped over 3%, Marvell Technology dropped nearly 3%, Intel and AMD dropped over 2%, Broadcom dropped nearly 2%, NVIDIA and TSMC dropped over 1%.
07:52
CITIC Securities Maintains 'Buy' Rating on NVIDIA with Target Price of $315 On June 10, CITIC Securities maintained its 'Buy' rating on NVIDIA with a target price of $315, and also maintained its 'Overweight' rating on Broadcom with a target price of $525.
07:41
Goldman Sachs and Morgan Stanley Compete for Lead Underwriter Role in OpenAI and Anthropic IPO, Potential Revenue Exceeding $7 BillionBlockBeats News, June 10th, according to
Fortune
report, Goldman Sachs and Morgan Stanley are competing to be the lead underwriters for OpenAI and Anthropic's future IPO. Previously, Goldman Sachs has secured the lead underwriter position for the SpaceX IPO, scheduled for June 12th. The IPOs of OpenAI and Anthropic are both expected to raise at least $60 billion, totaling over $120 billion. University of Florida IPO expert Jay Ritter stated that the lead underwriter will determine how much IPO stock each fund receives, potentially providing significantly higher returns than other underwriters.
Ritter mentioned that institutional investors often pay substantial "soft dollars" to the lead underwriter to receive more IPO allocations, where trading commissions exceed the actual execution costs. If it is still uncertain whether Goldman Sachs or Morgan Stanley will secure the lead underwriting position for OpenAI and Anthropic, funds may allocate more trading commissions to both investment banks simultaneously to increase their chances of allocation.
Using the SpaceX IPO as an example, if the fundraising reaches $860 billion, the underwriting fee would be around $600 million. However, if the first-day share price rises by 20%, IPO investors' unrealized gains would exceed $17 billion. Ritter estimates that at least 30% of this amount, possibly around $5 billion, could flow back to the investment banks in the form of soft dollars, significantly surpassing the underwriting fee itself.
If both OpenAI and Anthropic companies rise by 20% on their debut days, investors' unrealized gains would reach $24 billion. Calculating based on the same ratio, the investment banks could receive over $7 billion in soft dollars, with most flowing to the lead underwriters. Currently, OpenAI and Anthropic have both secretly filed draft registration statements but have not yet confirmed their listing dates.
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